Huaqin Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	17,185	13,997	13,653	12,756	7,851	6,361
Short-Term Investments	-	1,387	672.55	-	-	-
Trading Asset Securities	1,549	881.29	1,394	2,777	605.89	56
Cash & Short-Term Investments	18,734	16,266	15,719	15,533	8,457	6,417
Cash Growth	9.37%	3.48%	1.20%	83.67%	31.80%	0.49%
Accounts Receivable	33,480	34,700	25,532	14,467	14,445	18,487
Other Receivables	1,414	753.03	775.9	359.11	501.78	472.4
Receivables	34,894	35,453	26,308	14,826	14,947	18,959
Inventory	18,104	14,624	11,476	4,344	6,211	7,841
Other Current Assets	6,305	4,405	2,719	1,431	1,444	1,369
Total Current Assets	78,037	70,747	56,222	36,134	31,059	34,586
Property, Plant & Equipment	13,897	13,681	10,137	7,968	7,379	6,042
Long-Term Investments	6,924	7,376	5,974	3,649	3,766	3,054
Goodwill	1,350	1,376	1,332	0.6	0.6	0.6
Other Intangible Assets	2,153	1,918	1,791	1,179	1,176	1,150
Long-Term Deferred Tax Assets	511.96	417.5	522.06	429.14	294.76	223.8
Long-Term Deferred Charges	204.1	176.18	106.72	89.4	76.66	77.28
Other Long-Term Assets	564.31	513.65	212.85	2,061	70.05	105.65
Total Assets	103,641	96,206	76,297	51,510	43,821	45,240
Accounts Payable	46,584	42,699	35,429	20,397	21,453	26,582
Accrued Expenses	1,720	3,337	2,374	1,792	1,302	1,406
Short-Term Debt	17,339	14,421	7,982	3,845	2,398	1,547
Current Portion of Long-Term Debt	496.79	163.04	1,115	892.95	110.17	780.32
Current Portion of Leases	-	225.71	216.13	170.96	64.4	80.76
Current Income Taxes Payable	747.49	516.38	427.82	144.23	180.92	132.17
Current Unearned Revenue	433.37	673.53	492.52	121.48	576.68	1,796
Other Current Liabilities	808.36	1,665	1,632	1,063	1,092	1,204
Total Current Liabilities	68,129	63,701	49,669	28,426	27,178	33,529
Long-Term Debt	6,700	4,749	2,473	1,345	3,386	1,075
Long-Term Leases	496.89	465.6	461.51	268.97	156.13	160.01
Long-Term Unearned Revenue	357.27	327.56	249.56	259.91	197	213.32
Long-Term Deferred Tax Liabilities	400.38	413.05	519.8	366.78	273.62	188.31
Other Long-Term Liabilities	231.77	203.97	-	-	218.99	414.36
Total Liabilities	76,315	69,860	53,373	30,667	31,410	35,580
Common Stock	1,016	1,016	1,016	724.25	651.83	651.83
Additional Paid-In Capital	10,740	10,725	10,577	10,698	4,929	4,798
Retained Earnings	15,430	14,367	11,275	9,358	6,651	4,107
Treasury Stock	-261.84	-279.78	-382.06	-	-	-
Comprehensive Income & Other	-152.49	-30.53	57.26	85.51	150.34	5.83
Total Common Equity	26,772	25,797	22,543	20,866	12,383	9,562
Minority Interest	554.25	547.97	380.8	-23.28	28.3	98.2
Shareholders' Equity	27,326	26,345	22,924	20,843	12,411	9,660
Total Liabilities & Equity	103,641	96,206	76,297	51,510	43,821	45,240
Total Debt	25,033	20,025	12,248	6,523	6,115	3,643
Net Cash (Debt)	-6,299	-3,759	3,471	9,010	2,342	2,773
Net Cash Growth	-	-	-61.47%	284.70%	-15.55%	-34.08%
Net Cash Per Share	-6.22	-3.73	3.43	9.45	2.57	3.04
Filing Date Shares Outstanding	1,020	1,013	1,010	1,014	912.56	912.56
Total Common Shares Outstanding	1,020	1,013	1,010	1,014	912.56	912.56
Working Capital	9,909	7,046	6,553	7,708	3,881	1,057
Book Value Per Share	26.25	25.46	22.31	20.58	13.57	10.48
Tangible Book Value	23,269	22,503	19,420	19,687	11,207	8,411
Tangible Book Value Per Share	22.82	22.21	19.22	19.42	12.28	9.22
Buildings	-	8,033	4,645	4,193	2,677	1,621
Machinery	-	9,529	7,175	4,294	4,403	3,149
Construction In Progress	-	797.72	1,760	970.78	1,858	2,148

Source: S&P Global Market Intelligence. Standard template. Financial Sources.